Thread: Drawing correct resistance and support-lines

Gbpjpy update;

Price bounced off TL by 60 pips

1 Attachment(S ) ) A Fantastic Way Of Scalp On Eurusd M5

I am looking for a continuation of this upward move. 30m chart gonna if I am riding along decide. A break from currently pattern would favor those odds.

Originally Posted by ;

I'm looking for a continuation of this upward movement.

Very nice

Originally Posted by ;

Really nice

Hi again magic


Good morning to all. Looking for a breakout to the upside eur/usd. Facing 1.5300 right now, alot of resistance here.

Originally Posted by ;

Hi again Magical


Good morning to all. Looking for a breakout to the upside eur/usd. Facing 1.5300 right now, alot of resistance .

I'm wondering will also the cable break from it's range or not, my fib 38.2 is in 1.9950 area. Considering the EU has made let's see if the cable follows and how it reacts to news after. .



Gd trading

Yuna

Sounds like today's pivot holds in the moment. . But the pair is testing it again

Originally Posted by ;

Sounds like today's pivot holds at the present time. . But the pair is analyzing it

I am searching for price to hit down about 205.50-205.70, based on 1h trendlines. But as you mentioned, price is fighting with currently pivot (206.31 lnd)

Originally Posted by ;

I'm searching for price to hit down around 205.50-205.70, based on 1h trendlines. However, as you mentioned, price is fighting with currently pivot (206.31 lnd)

haha, talk of devil, pivot is broken already.

we also observe a descending triangle (purple line)